Widodo Plans Smaller Indonesia Fuel-Price Rise as Oil Slumps
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The global oil-market slump has handed Indonesian President Joko Widodo his biggest break since taking over the world’s fourth-most populous nation.
Widodo, known as Jokowi, now has more room to maneuver as he prepares to cut fuel subsidies, one of his key pledges to improve the nation’s finances. He will probably be able to raise prices enough to please investors in the coming weeks, while limiting the pain for a population used to cheap gasoline and diesel.